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Silicon Valley Bank Provides $4MM Facility to Lineage

February 19, 2015, 07:33 AM
Filed Under: Medical

Lineagen, Inc., announced the closing of the second and final tranche of its $15.8 million Series C round of financing. The final tranche of $12.17 million in new equity capital was led by new institutional investor HealthQuest Capital, joined by additional new investors Petra Capital Partners and Mountain Group Partners. Additional participants in the overall Series C round include Lineagen's earlier investors Sanderling Ventures, Signal Peak Ventures, PrairieGold Venture Partners, Mesa Verde Venture Partners, Archipel Capital, University Venture Fund, and KickStart Ventures. Additionally, as part of the initial tranche, Lineagen received a $4 million secured debt facility with Silicon Valley Bank.

Lineagen's FirstStepDx PLUS, and related patient support services including M-Chat, OpeningAutism and SmartPath, assist physicians, patients, and families in navigating the diagnostic "odyssey" of individuals with ASD.

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